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China vows more fiscal support for firms, local govts to cope with downward pressure

China will scale up cuts in taxes and fees in 2022 on top of the newly added cuts worth 1.1 trillion yuan ($174 billion) last year and increase allocation of fiscal revenue to local governments to help offset their slowing revenues, officials from the Ministry of Finance (MOF) said on Tuesday, as the country firmly implements proactive fiscal policies for precision and sustainability in stabilizing economic growth.
Chen Xia Xu Hongcai Liu Kun Economic Operation Association Ministry Of Finance Administration For Market Regulation

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Industrial sector likely to grow by 11.8 pc this fiscal: Economic Survey

Gradual unlocking of the economy, record vaccinations, improvement in consumer demand, continued policy support towards industries by the Government in the form of Atma Nirbhar Bharat Abhiyan and further reinforcements in 2021-22 have led to an upturn in the performance of the industrial sector, the Economic Survey tabled in Parliament said on Monday.
Nirmala Sitharaman Aatma Nirbhar Bharat Abhiyan Aatmanirbhar Bharat Economic Survey In Parliament On Economic Survey Minister Nirmala Sitharaman

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